Introduction to Post-Mortem Tax Planning for Business Owners

Estate planning does not end when the testator passes away. This is especially true for owners of private companies, including holding companies with rental properties and incorporated professionals. Decisions made after a shareholder’s death allow executors and beneficiaries to shape the way an estate is treated for tax purposes and how property is distributed. Most importantly, post-mortem planning can mitigate double and triple taxation of private company shares on death. Failure to make the right post-mortem decisions in these situations can result in an estate paying more tax than is necessary, leaving less for the beneficiaries and possibly exposing the executor to personal liability. This program, featuring experienced tax and trusts practitioner Samantha Prasad, will introduce non-tax specialists to some of the important tax reduction opportunities available when an individual dies owning shares of a private corporation – even if tax advisors were not consulted in the course of estate planning during the shareholder’s lifetime. The presentation will not make post-mortem planning less complicated, but by using simple examples and plain language, it will aim to make it understandable for the average practitioner. Don’t miss this chance to familiarize yourself with fundamental post-mortem planning choices and tools available to executors and beneficiaries to reduce taxation of private company shares on death and achieve efficient distributions.

Live webinar with chat includes 60 day replay. This program features real-time audio of the presenter with synchronized presentation slides, and a chat feature that allows for live Q & A.